ELGIEQUIP - Ready for the next swingELGIEQUIP - Ready for the next swing with an upside potential of 20% in the next few weeks. The stock has been trading in the channel for the last 4+ years, with a steady upside trend. The stock is also backed with good fundamentals and overall at a good spot to leverage for a nice swing trade.
Channeltrend
BAJEL PROJECTSIncorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction Bajel Projects Limited (BPL) is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.
BPL is a part of the Bajaj group. It deals in Engineering, Procurement and Construction business.
Devyani-A risky support bounce trade!Devyani is looking a good candidate for support bounce
Logic:-Stock is trading in channel. The price action is impressive but a confirmation is not still visible.
The stock has delivered poor results and is available at PE multiple of 138x.
Only risky traders should be interested in this.
Potential Future Outlook for XAUUSD - March 10th, 2024Why We Think the Price Might Drop:
1. The price is hitting a trendline around 2195-2205 .
2. We expect a correction after a big increase in price.
What Might Happen Next:
Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.
Re-entering the Rally: Jubilant Food - Channel Support Strategy!📈 Trade Update: Jubilant Food 🍕
Previously, we successfully rode a rally in Jubilant Food, executing a trade based on the channel support and resistance. Refer to the chart attached on my profile for details.
🔄 Trade Logic:
Re-entering as the stock revisits the channel support. Here are the details:
- Buying Price: Around 531
- Stoploss: Below 515
- Targets: 580+ (around channel high), with a potential trail if a breakout occurs.
Trade wisely and stay tuned for updates! 🚀💼 #StockTrading #JubilantFood
SHREDIGCEM - 2.5 years Consolidation Breakout.SHREDIGCEM
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2021 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) Next resistance will be around the price 142.
4) Recommendation - Strong Buy
JAYNECOIND - Ready for the next swingJAYNECOIND - Has been trading in the channel for the last 6+ months, the stock has taken support at the bottom of the channel yet again and is showing clear signs of going for its next swing. I see an upside of up to 27%
I checked the fundamentals and they look decent.
HDFC BANK ViewDear Team ,
As of My point of view HDFC is a Good Stock for long term .. But for Swing Trading and Intraday .. The Channel Pattern is Created in HDFC Bank and When its Breakout or Breakdown .. Must Capturing a Good Point in HDFC Banks.. Please Trade at Your Own Risk I am not SEBI Registered .
Thanks
SHANKARA - Next swing is here SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP: 744.40
Stoploss: 663
Target: 930
POLYCAB - Weekly Channel pattern - Read description carefullyPOLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock.
My thoughts (not a trading recommendation): 2 scenarios -
I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks.
I'd go short if the channel breaks with good volumes and my stop loss will be if the stock comes back into the channel.
NIFTY MIDCAP 100 CHART STUDYNIFTY MID CAP SPOT CMP 47500
Weekly time frame
Ascending parallel channel structure
Index is trading around resistance zone as per structure trend line
Equivalent measured move done which confluence around resistance zone as per channel
Bearish divergence on RSI with respect to price action.
Fibbo extension of 2.618% done which is the max extension in history of index..
Time to take profit in mid caps and switch to cash.
Caution ahead..
Keep watch.
Bajaj Finance : Free fall on the way ?? Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: BAJFINANCE
🔍 Description: Stock has made Broadening pattern and then not able to cross the resistance.
Now stock is making Rising channel and its near to the resistance.
If resistance is not broken then
We can see fall from 8250-8350 levels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Coforge Bullish channels 📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channels
📌 Symbol/Asset: Coforge
🔍 Description: Stock is making higher high and Lower high.
Stock is in a Rising channel and we can see huge upside withing the channels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Delta Corp : Exciting Bullish Pattern Alert📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: DELTACORP
🔍 Description: Stock is going up in Rising Channel.
Stock Can take a support around the support or around the Law of Polarity.
We can see huge upside once support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Analysis 1) stock at up trend momentum
2) 96 is the resistance level for the stock
3) this up trend supported by volume
4) volume building like mountains
5) 2022 APR "55-60" this zone act as resistance for the stock
6) after this breakout stock give 68% rally
7) 68% rally with in one months likely 22 sessions
8) same move can accepting from this stock
9) crossing sentimental and main resistance for the stock and must sustain above
10) stock give 25% move from present level
11) no recommendation for buy and sell
SAIL DAILY CHART BREAKOUTSAIL Breakout possible in Daily Chart view.
:: Data Point ::
Breakout Level : @91.50 (If daily close above the price)
Target 1st : @96.00
Target 2nd : @102.00
Stoploss Level : @88.00
Note: SAIL Traded above 200 EMA.
Channel Break happend in 2nd week of Nevember.
Showing Good Volume.
Previous 5 Days Avg. Delivery Percentage 43.86%.
Kotak M Bank ( Looking good 💥) Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - " 1805 ".
Trade carefully untill ENTRY level.
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Entry: 1805
target: 1855 - 1950
sl: 1770 -1760
major stoploss/ support: 1758
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer over old posted idea attached below.